PT Telkom’s profit grows 24.9% in FY16

Indonesia’s PT Telkom has reported a 24.9% increase in net profit for FY16 to 19.35 trillion rupees ($1.45 billion), on the back of a strong performance in the company’s data and internet businesses.

Total revenue grew 13.5% to 116.33 trillion rupees, with revenue from the company’s data, internet and IP business growing 31.5% from 2015 to account for 37% of total revenues.

Fixed broadband subscribers grew 8.8% to 4.3 million, which includes 1.6 million subscribers to its IndiHome fiber broadband services.

Wireless subsidiary Telkomsel, in which Telkom owns a 35% stake, reported a net income of 9.79 trillion rupiah, up from 7.818 trillion in 2015. Total users grew 13.9% year-on-year to 173.92 million, with mobile broadband users up 37.1% to 60 million.

Telkom’s capex grew 10.6% year-on-year as the company spent heavily on fixed and mobile network expansion, mainly focused on access and backhaul infrastructure.

The company said it had deployed nearly 25,000km of terrestrial and subsea fiber during the year, including with its participation in the recently-completed SEA-ME-WE 5 subsea cable project, which links 16 nations in Southeast Asia, the Middle East and Africa.